嘉德利上交所IPO已问询 2024年电容器用聚丙烯薄膜销售额全球排名第二

Core Viewpoint - Quanzhou Jiadeli Electronic Materials Co., Ltd. has applied for listing on the Shanghai Stock Exchange, aiming to raise 725 million yuan, and is recognized as a national-level specialized and innovative "little giant" enterprise in the BOPP electrical film sector [1] Company Overview - The company specializes in the research, production, and sales of BOPP electrical films, having over 20 years of experience in the field and a competitive product portfolio [1] - BOPP electrical film is a type of insulating medium made from polypropylene resin, known for its self-healing properties, high voltage resistance, uniform thickness, low dielectric loss, and low specific gravity [1] Market Position and Applications - BOPP electrical film is crucial in film capacitors, affecting key performance indicators such as capacitance value, stability, and lifespan [1] - The film is also a key emerging development direction in lithium battery composite current collectors, enhancing battery safety and reducing costs [1] - The company is well-positioned to benefit from the rapid growth of new applications in electric vehicles, renewable energy, and flexible direct current transmission [1] Technological Advancements - The company has made significant breakthroughs in key technical indicators such as ultra-thin, high-temperature, and high-voltage films, achieving stable mass production of products like 1.9µm ultra-thin films and 900V ultra-thin films [2] - The company maintains leading technical strength in the industry and has established stable partnerships with major domestic and international film capacitor manufacturers [2] Financial Performance - The company’s projected revenues for 2022, 2023, 2024, and the first half of 2025 are approximately 550 million yuan, 528 million yuan, 734 million yuan, and 367 million yuan respectively, with net profits of about 192 million yuan, 141 million yuan, 238 million yuan, and 125 million yuan [3][4] - As of June 2025, the total assets are estimated at 1.491 billion yuan, with a debt-to-asset ratio of 10.89% [4] Market Share - The company ranks second globally and first domestically in the sales of polypropylene films for capacitors, with market shares of 11.7% globally and 16.4% domestically [2] - In the electric vehicle sector, the company holds approximately 60% market share, and about 40% in the photovoltaic and wind power sectors [3]